Grandfield & Dodd LLC maintained its position in shares of Whole Foods Market Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The firm owned 10,193 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Whole Foods Market were worth $326,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of WFM. First Manhattan Co. increased its position in Whole Foods Market by 2.0% in the first quarter. First Manhattan Co. now owns 10,000 shares of the company’s stock worth $311,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors L.L.C. increased its position in Whole Foods Market by 1.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 57,978 shares of the company’s stock worth $1,804,000 after buying an additional 650 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Whole Foods Market during the first quarter valued at $1,019,000. Teachers Advisors Inc. increased its stake in shares of Whole Foods Market by 19.0% in the first quarter. Teachers Advisors Inc. now owns 494,125 shares of the company’s stock valued at $15,372,000 after buying an additional 79,017 shares during the period. Finally, FDO Partners LLC purchased a new stake in shares of Whole Foods Market during the first quarter valued at $240,000. Institutional investors and hedge funds own 86.38% of the company’s stock.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) traded up 4.90% during trading on Thursday, reaching $29.33. 19,349,339 shares of the company’s stock were exchanged. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 20.80 and a beta of 0.82. The stock has a 50 day moving average price of $29.31 and a 200-day moving average price of $30.95.
Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Whole Foods Market had a net margin of 3.03% and a return on equity of 15.55%. The company earned $3.70 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Whole Foods Market Inc. will post $1.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 29th. Whole Foods Market’s dividend payout ratio (DPR) is 37.76%.
Several equities research analysts have weighed in on WFM shares. Wedbush restated a “neutral” rating and issued a $32.00 target price (up from $29.00) on shares of Whole Foods Market in a research note on Friday, June 17th. Royal Bank Of Canada restated a “buy” rating on shares of Whole Foods Market in a research note on Tuesday, July 12th. Macquarie upgraded shares of Whole Foods Market from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $38.00 target price on shares of Whole Foods Market in a research note on Tuesday, August 16th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.28.
In related news, Director Shahid M. Hassan sold 7,916 shares of Whole Foods Market stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.09% of the company’s stock.
Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.
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